News On F1 - Formula 1 News, Results, Information and Statistics

F1 News  F1 Schedule  F1 Line-up  Teams  Drivers  F1 Tickets  F1 Coverage
 

F1 News - Korean consortium eyes HRT buy-in - report - April, 2011

Apr.7 (GMM) A Korean consortium is reportedly interested in buying into the struggling Hispania team.

Italiaracing.net said the talks with owner Jose Ramon Carabante recently began "although the amount requested by the Spanish businessman is apparently quite high".

Carabante recently told Cadena Ser radio that he is not ruling out selling some of his HRT stake.

"We are talking with investors but what I don't want is to sell the team and disappear," he said after Vitantonio Liuzzi and Narain Karthikeyan failed to qualify for the 2011 season opener in Australia.

"It's ok if someone comes with an offer to have the majority and I'm left with a stake," added Carabante.

"Right now there are teams worth 40, 60, 70 million euros, depending on how you finish the championship. There are twelve teams and we are one of them," he said.

After the Melbourne debacle, team boss Colin Kolles said he is confident the Cosworth-powered F111 will have a better outing at Sepang this weekend.

It also emerged at Sepang on Thursday that the car's 2011-specification wing has passed the FIA crash test and is being shipped from Europe.

"We know that the car has potential and we hope that we will be able to get all updates on the cars," said Kolles. "The 107pc (rule) should not be an issue under normal circumstances."

Latest F1 News - Mobile version
26 Feb: New Ferrari not quickest in field - Domenicali
26 Feb: Red Bull still best in 2013 - Tost
26 Feb: 2014 French grand prix 'possible' - Prost
26 Feb: Danica Patrick 'not interested' in F1 switch
26 Feb: Report - Gilles Simon working on F1 engine for Honda
26 Feb: Gutierrez plays down link to Carlos Slim
26 Feb: Caterham exhaust 'legal' insists van der Garde
26 Feb: McLaren replaces Mercedes-bound Lowe
25 Feb: 'Engine maps' trouble for Red Bull, Lotus - report
25 Feb: Mercedes-bound Lowe to miss 2013 opener - report
25 Feb: Mercedes 'in group of teams' behind Red Bull - Lauda
25 Feb: Gutierrez expects Hulkenberg to beat him early in 2013
25 Feb: New Ferrari 'much better' than 2012 - Massa
25 Feb: Teams 'will adapt' to new tyre situation - Gutierrez
25 Feb: Tight rules make today's F1 cars 'the same' - Forghieri
25 Feb: Williams removes controversial exhaust trick
25 Feb: Contract 'conflicts' cause of Marussia test snub - Razia
25 Feb: Lotus to fight Red Bull for title - Gutierrez
25 Feb: Marussia 'ahead of Caterham' - Chilton
25 Feb: Sutil will not stay in F1 as test driver

The latest F1 News - Mobile Version

F1 News  F1 Schedule  F1 Line-up  Constructors' Championship  Drivers' Championship  F1 Tickets  Live F1 Coverage

Full Version: Formula 1 News  Formula 1 Schedule  Formula 1 Line-up  Constructors' Championship  Drivers' Championship  Live F1 Coverage  10 'n' Pole  F1 Regulations  The Forums  Motorsport Shop  F1 Merchandise  F1 Tickets  F1 Diecast  F1 Videos  F1 Games

Back To Top